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UK government borrowing halves but is still close to record high

UK Government Borrowing Declines

LONDON (dpa-AFX) - The UK public sector net borrowing decreased in the year ended March, but remained the third-biggest on record, the Office for National Statistics said on Tuesday.In the financial

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Nearly a quarter of Britons struggling to pay bills, survey reveals

Nearly a quarter of people in the UK say they are struggling to pay household bills even before the new hike in regulated energy prices takes effect, an official survey from a leading body reveals.

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Retail sales fall as rising cost of living bites

Consumer spending was hit last month as household finances came under increasing pressure.

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Bethany-beckett
Capital-economics

Brits cut spending as living costs soar; EU faces 'new era' of high inflation

Amid reports that consumer confidence is touching an all-time low in the UK, the French finance minister has predicted “a new era of higher inflation” for France and partner countries.

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